Holliston MA Market Review Jan 2010
January 13th, 2010
Would I be surprising you if I made the statement that it is a Seller’s Market in Holliston MA right now? The Median Sales Prices have remained steady compared to the year earlier, which should be considered a WIN for homeowners in this economy.
Here is a quick bullet of Holliston’s Marketplace:
- Average selling time over the past year has been 122 days on market.
- Median price is $350,000 over the past 12 months. Same as previous year.
- There are currently 36 Active single family homes on market.
- Holliston has 3.2 months of inventory currently – Under 4 months is considered a Seller’s Market
- Sellers are getting 95% of Listing Price over the past year. 91% of Original Asking Price.
Just so that I am not coming across those readers that think I am a typical Realtor reporting only the “positive” stats, I have reported Median prices as opposed to Average prices. This is because Average prices create a higher weight to the higher end priced homes and Median prices do not.
That being said, the average prices for the past 12 months were $388882, down from the 12 months previous of $396328. This results in a 2% decline in average prices in Holliston.
I have a buyer currently looking to spend up to mid $500K in Holliston, Medway or Hopkinton. I just mailed a postcard to 400 Holliston households asking them if they were considering a move. In 12 years as a Realtor, I can say I have never done this before.
I believe this type of low inventory will result in upward price pressure for Holliston housing stock in 2010.
Ed Daniels of Remax Executive Realty is on the MAHome Team serving Metrowest Boston. Contact him at 508-341-7880 with any questions about Holliston’s real estate market.Categories: Holliston, Market Conditions, Real Estate
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Has Your Home Been Deleaded?
December 16th, 2009
I came across this website today that keeps a record of any deleading records on file with the state of Massachusetts.
In attempting to find the government office that would have the actual deleading certificates of compliance, I got the expected runaround. First, all sites that referred me to the lead paint programs had a disconnected phone number. When I reached somebody, they put me into a voicemail system where I left a message. I am on day 2 with no phone call returned.
The deleading programs in Massachusetts are some of the strictest created, and the federal guidelines followed this state’s lead. But as usual, the implementation of a good idea falls on its face when put in the hands of government. Budgets have to get cut, they slash these types of departments!
Well, at least the website has good records of dates and inspectors. I hope this will be enough for my buyer, because I am not expecting a call back from the Childhood Lead Poisoning Prevention Program (CLPPP)!
State Site for Deleaded Properties
I am a trained Moderate Risk Deleading Owner after an 8 hour training class, so if you have any questions regarding lead paint, please feel free to call me at 508-341-7880.
Ed Daniels of Re/max Executive Realty can be reached at 508-341-7880 or Ed@MAhome.com. His team, The MAhome Team, covers the Metrowest Boston region.Categories: Town Hall Info
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Holliston Football Player Needs your Vote
December 15th, 2009
Holliston High School had a great season in 2009, with their only loss coming in the Superbowl against Austin Prep. Fox News is holding a vote on their website for determining the top HS football “Team Player of the Year”, and our own Sean Mayo is one of the nominees.
One of the terrific parts of the Holliston High Football team’s success is seeing the town’s excitement over their hometown. The crowds were awesome all season long, and there is great pride from our school children.
This vote takes about 15 seconds, so click here and lets show how spirited the citizens of Holliston are!
http://www.myfoxboston.com/dpp/sports/hs_friday/high-school-friday-team-player-of-the-year
Holliston did one of these votes a few years back with a local electric company. The company was going to give lights for a playing field for the most votes. Holliston won that contest and we now have Granite City Electric lights over our baseball field. Let’s show that spirit again!
Categories: Holliston, School Info
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Solutions to Lower Winter’s Bills
December 3rd, 2009
Winter in New England is fast approaching, with many homeowners turning on their heating systems and stockpiling wood for their stoves.
A seminar done by New Energy Solutions of Franklin, Massachusetts explained some products and services that will drastically lower homeowner’s heating bills.
This is not just the addition of solar panels or wind turbines, but lower cost options that use unique products that you may have never heard of.
Check out the website of New Energy Solutions to see the following products in more detail:
Categories: Preferred Business
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No Housing Bubble for MA
November 25th, 2009
I was reviewing the Massachusetts Association of Realtors latest housing data that was posted and came across a nugget. It was a historical graph for single family home sales. It shows 18 years of sales data in the month of October.
OK, the MAR reported 3,828 sales of single family homes in October state wide.
This number of sales is very close to the same number in 2005 and about 17% more sales than last year.
Were 2001 and 2002 good years for home sales? This 2009 number is stronger than both of those years!
I read about all the naysayers out there about the housing market (just look at comments on Boston.com real estate articles) but the stats above provide perspective.
Sellers don’t fell as good these days to hear that their property has fallen in value over the past few years, but the fact is that the strength of the housing market is there. Whether this is because of buyers taking advantage of tax credits, distressed properties, or pent up demand, the fact is that houses are still selling.
Ed Daniels is part of The MA Home Team servicing the Metrowest Boston area. Under Re/Max Executive Realty, he has been a full time Realtor for over 11 years. Contact him at 508-341-7880 for any questions you may have with the local market.
Categories: Market Conditions, Real Estate
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Holliston Homes on Trulia
November 14th, 2009
As a local Realtor, my best resource for marketing a home is on the Multiple Listing Service (MLS). In addition to that, I go onto the major sites that offer home searches and tools for home shoppers.
Today I was posting my listings on Trulia.com and came across the widget below. The full feature version on the Trulia home search is very cool!
This is a widget of Holliston Real Estate sorted by the newest listings. Searching for real estate using this tool is different and interactive. Home searches are coming a long way since I started selling real estate 11 years ago! Very cool.
Categories: Holliston, Real Estate
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New Tax Credits for Buyers Explained
November 9th, 2009
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Categories: Market Conditions, Real Estate
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NEW Home Buying Tax Credit for ALL
October 29th, 2009
Home buyers have been anxiously awaiting word on an extension of the very popular First Time Home Buyer $8000 tax credit.
MarketWatch is reporting this morning that the Senate has struck a deal to expand on this program.
Many Realtors are seeing this tax credit as the main motivation of home sales this year. In 2008 there was a “tax credit” that was really a no interest loan to First Time Buyers. This year that was changed to a real tax credit of $8000 for these buyers.
The report is that today’s agreed upon credit would extend to ANY buyer who has lived in their home for 5 consecutive years, as well as the First Time Home Buyer.
Here is the report from MarketWatch:
By Robert Schroeder, MarketWatch
WASHINGTON (MarketWatch) — Senators have struck a deal to extend a popular tax credit for home buyers beyond those buying their first house, Senate Majority Leader Harry Reid’s office said Wednesday.
Legislators also have agreed to extend the tax credit through the end of April, according to a Reuters report.
An $8,000 credit for first-time home buyers is set to expire at the end of November. Under a compromise reached by senators, the credit would be expanded to those who have lived in their home for five consecutive years, a Reid spokeswoman said.
The credit for repeat buyers would be $6,500.
The credit reportedly would be available for individuals making up to $125,000 a year and couples earning up to $225,000 per year, up from the current income limits of $75,000 and $150,000, respectively. Reid wants to attach the tax-credit measure to a bill that would extend unemployment benefits.
All the buyers rushing to get into that home by the November 30th deadline are breathing a sigh of relief. I believe the additional feature for people who already own their homes is going to certainly help home sales in the mid-priced price points.Ed Daniels of Re/max Executive Realty is a Holliston native and full time Realtor. Contact him for more details on this brand new tax credit at 508-341-7880 or Ed@MAhome.com.
Categories: Market Conditions, Real Estate
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Affordable Condo Options Newly Available
September 28th, 2009
Over the past few weeks there have been 2 condo options that have come available in our area that could become really good deals. I mention “could” because one is an auction property and one is an income restricted option.
Natick has luxury condominiums Read the rest of this entry »
Categories: Featured Listings, Holliston, Natick, Real Estate
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Nordstrom is Having a Sale… on Condos!
September 11th, 2009
Natick has one-of-a-kind luxury condos that are going on the auction block next month. The Nouvelle at Natick is a 215 unit project that is connected with the mall. About 20% of the units are going to be auctioned October 4th.
The developers are in trouble. They built this development just as the economy was going into a tailspin. They have sold or put under contract only a total of 37 condos. Ouch!
Using town records, I was only able to verify 18 sold units, and selling prices ranged from $369900 to $1.2 million. The following are the units being auctioned:
- 1 Bedroom & 1 BR + Study $160K-$210K
796-1078 sq ft units
- 2 Bedroom & 2 BR + Study $220K-$315K
1068-1591 sq ft units
- 3 Bedroom (only 1 unit auctioned) $350,000
1774 sq ft
- Penthouse (2 units) $375K-$475K
1596-2110 sq ft units
The marketing department has tried everything to entice the local Realtor community to sell these units. Incentives for months of condo fees or mortgage payments have not worked to bring in sales. These prices have just been too high for such a unique housing option in Metrowest.
You will need a deposit of $10,000 on auction day, and I would highly recommend doing all your homework about unit locations, pricing, and mortgage financing. If you are an investor you likely will need 20-25% down payment to get your financing.
These very unique Metrowest condo options were never a good investment to consider, until now. Feel free to contact me for all details of the process and the property options. The developer will pay the commission of your Buyer Agent when bidding on these units, so take advantage of this guidance.
“We Live Where You Live” Ed Daniels of Remax Executive Realty can help you with this auction process and perhaps get you a great investment. He can be reached at 508-341-7880.Categories: Featured Listings, Market Conditions, Natick, Real Estate
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